Alex Millar talks about his ample swings in 2013

Alex Millar playing poker

Looking back, 2013 was a great year for Alex Millar who won $2.7 million, but the poker professional tells us a story in his PokerStarsBlog post that paints a very different picture.

The year was nothing short of a roller coaster, with January being the worst month, as he lost roughly $1.5 million against Viktor Blom and Phil Ivey. Both are widely regarded as extraordinary players across different types of poker, but “Kanu7″ was confident that he had the upper hand over them at NLHE.

Following the initial success over Blom, he squandered all his winnings playing the Swede and Ivey also took a significant chunk. While Phil didn’t return to face Millar, Viktor came back and the next few sessions didn’t go as he expected, with Alex emerging victorious. Most of his profits were secured in the second half of the year, but he was so successful that by the end of 2013 he stripped Blom of $3.2 million.

The 28 year old poker pro doesn’t limit himself to NLHE tables and tries to get a competitive edge at Pot-Limit Omaha, but he realises the fact that he will be playing an uphill battle. These tables are populated by professionals who spent many years honing their skills and that’s why Millar’s plan for 2014 is to take it one step at a time. He competes frequently at $200/$400 limits, but at PLO tables he intends to start at $25/$50 and claw his way to the top one step at a time.

Poker professionals frequently sell action to interested parties, as a way of mitigating the risks of suffering catastrophic losses. That’s exactly what Alex did in 2013 and that’s why he didn’t freak out at the end of Q1 when he dug himself deep into a hole. With his investors being confident in his ability to offset those loses, he had enough money in his account to fuel a remarkable comeback. If there is a downside to selling action, it is that when you win big, you keep only a fraction of the profits.

The bottom line is that Alex won a net amount of almost $1 million which he regards as a success, given the fact that he started 2013 on the wrong foot. Unfortunately for him history seems to repeat itself as he lost $600k this January playing against Viktor Blom, on top of the PCA expenses. Past performances can be used as an indicator for predicting future results, so it is only fair to assume that Millar has a decent chance at turning 2014 into another profitable year.